XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 68,509 $ 73,222
Short-term investments 134,815 214,280
Accounts receivable, net 32,980 28,070
Inventories 49,215 51,476
Prepaid expenses and other current assets 5,700 6,597
Total current assets 291,219 373,645
Restricted cash 3,329 3,311
Property and equipment, net 13,273 15,876
Operating lease right-of-use assets 5,375 6,117
Other assets 605 1,166
Total assets 313,801 400,115
Current liabilities:    
Accounts payable 5,827 603
Accrued compensation and related benefits 19,005 21,519
Accrued expenses and other current liabilities 13,459 16,227
Accrued warranty liability 3,712 3,620
Deferred revenue, current 11,727 8,662
Operating lease liabilities, current 1,593 1,318
Total current liabilities 55,323 51,949
Accrued interest 896 113
Deferred revenue 101 151
Operating lease liabilities, noncurrent 4,482 5,576
Term loan 130,113 96,336
Total liabilities 190,915 154,125
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized, and no shares issued and outstanding as of December 31, 2023 and 2022 0 0
Common stock, $0.001 par value; 300,000 shares authorized as of December 31, 2023 and 2022; 50,317 and 48,465 shares issued and outstanding as of December 31, 2023 and 2022, respectively 50 48
Additional paid-in capital 1,084,515 1,035,456
Accumulated other comprehensive loss 68 (564)
Accumulated deficit (961,747) (788,950)
Total stockholders' equity 122,886 245,990
Total liabilities and stockholders' equity $ 313,801 $ 400,115